So This is What Resistance Looks Like in SP500
If you ever wondered what it looked like inside a critical resistance level in the S&P 500, look no further than this post and the action of the past two trading days.
Elliott Wave Analysis on the Shanghai Market Monthly & Weekly
A couple of readers have asked me to provide a possible Elliott Wave count on international market indexes, namely the Shanghai Composite ($SSEC) and here is my current count on the larger monthly and weekly timeframes.
Weekly Comparison Charts of Ten Year Yields and SP500
With the recent rally in 10-Year Treasury Yields (falling note and bond prices), I thought it would be a good idea to show you the trend comparisons between the Yield and the S&P 500 – it’s more aligned than you might think.
Weekly Comparison Structure of the Dollar and Gold May 27
Per reader request, let’s take a quick look at the US Dollar Index and the Gold Market on a 3-year weekly chart basis, noting key Fibonacci levels and possible long-term targets.
Lessons and Analysis on India’s Nifty Index May 25
Along with many other traders, I have been impressed with the strong action in India’s “Nifty 50” Stock Market Index lately. Let’s take a look at the daily and weekly chart to see the structure and learn some valuable quick lessons.
Multiple Convergences Mark Intraday Low Lesson
Yesterday, May 21st offered an excellent opportunity to demonstrate how multiple confluences of non-correlated methods can lead to powerful intraday turning points – in this case, the absolute price low of the day. Let’s take a look at how we could have known with a high degree of confidence (but not certainty) that $88.25 was the absolute pivot low that preceded a powerful rally in the SPY (and similar structure to the QQQQ and DIA ETFs).
Perfect Intraday Elliott Wave Example and Lesson
The deeper I get into the Elliott Wave method, the more I am impressed with how frequent its patters show up across all timeframes almost identical to the teachings of Ralph Elliott 70 years ago. Let’s take a look at a perfect Elliott Wave pattern – complete with ideal fractal waves – on the intraday SPY for May 20 and 21.
On The Stock Market, Kris Allen, Contrary Opinion, & American Idol
What does Kris Allen’s ‘upset’ victory over Adam Lambert on the finals of American Idol have to do with the Stock Market, Trading, and Contrary Opinion? A lot – read on to find out more.
Corey Will Be in New Orleans this Weekend!
Just a quick personal note to say that I will be in New Orleans, LA from Saturday May 16 to Tuesday the 19th. If there’s any readers or traders who want to try to meet up for a quick lunch or dinner while I’m there, email me to let me know and I’d be happy…
Internal Indicators Bullish Prior to Close May 11
to highlight something interesting I’m seeing in the Market Internals for May 11th in the S&P 500 (SPY). So far on this rangebound day (following a gap-down), the Market Internals (particularly TICK and Breadth) have been biased to the upside.